Stocks pull off lows following report on housing

Stocks are paring early losses as investors cheer a report showing more signs of healing in the housing market.
The National Association of Realtors says pending home sales rose for a fifth straight month in June. The results were far better than analysts expected.
Stocks pulled off their lows and traded mixed following the report. The market was slightly lower in early trading, following declines on overseas exchanges.
Still, the market's reaction to the report was generally muted, a sign that investors have come to expect the signs of slow improvement in housing.
The Dow Jones industrial average is up 5 at 9,291. The Standard & Poor's 500 index is down 2 at 1,000, while the Nasdaq composite index is down 6 at 2,001.
*(Source:Yahoo News)